Re:ASML, a $300B Dutch firm, makes the machines that make se...
by teekert on Monday August 23, 2021 @05:45AM
(#28273835)
Well to counter that, when comparing similar employees within my international company between the US and the EU, the US employees are about 1.5 times more expensive (this is the money that an FTE will cost a project). Not sure why that is, perhaps it is really an inequality issue and maybe the cleaners are cheaper in the same company in the US than in the EU? I don't know those details.
I think the explanation is that the US simply has enough global dominators in their field (e.g. Google basically eating up the non-Chinese ad market over the whole range from local business directories to the brand awareness stuff that used to make TV stations a big business) that they define the market, pulling up the bids of weaker bidders, whereas in other places outliers looks ASML are so much of an exception that the bids they need to get whoever they want hardly influences market rate.